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☆ Buy these five stocks ahead of earnings before it's too late, Bank of America says
▼ + stars: | 2024-04-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Bank of America research to find the firm's favorite buy-rated stocks ahead of company earnings. They include: CoStar Group, Fidelity National Information Services, Cisco, Home Depot and Adobe. Bank of America upgraded the stock to buy from neutral earlier this week, citing several positive catalysts. "A growth company buying a growth company," he said of the deal. Home Depot "A growth company buying a growth company.

Persons: Tal Liani, Liani, Robert Ohmes, Ohmes, Jason Kupferberg, Kupferberg Organizations: Bank of America, CNBC, Fidelity National Information Services, Cisco, Home, Adobe, Cisco Time, Home Depot, Fidelity National Information, FIS Locations: Bank, Atlanta, buybacks

☆ The great myth about dollar stores
▼ + stars: | 2024-04-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

But recent earnings for Dollar General and Dollar Tree show both companies have hit rough patches. But four years later, Dollar General — and Dollar Tree, its main rival — are seeing a slowdown. AdvertisementAnd rival Dollar Tree is closing 1,000 Family Dollar stores after spending nearly a decade trying to integrate the chain into its business. Messy stores and understaffing have caught up to Dollar General and Dollar Tree. Do you work at Dollar General, Dollar Tree, or Family Dollar and have a story idea to share?

Persons: —, Todd Vasos, Vasos, Robert Ohmes, It's, Michael Lasser Organizations: Dollar, Service, Shoppers, Bank of America, Business, UBS Locations: Minnesota

☆ Dollar stores are supposed to do well regardless of the economy. Turns out, that's not true.
▼ + stars: | 2024-04-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Persons: —, Todd Vasos, Vasos, Robert Ohmes, It's, Michael Lasser Organizations: Dollar, Service, Shoppers, Bank of America, Business, UBS Locations: Minnesota

☆ Buy these five non-tech stocks that are well positioned for the long haul, Bank of America says
▼ + stars: | 2024-03-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Shares of Nvidia are red hot, but Bank of America thinks there's a slew of other stocks that investors should consider. They include: Super Micro Computer, Kroger, Burlington, JPMorgan Chase and TJX Companies. Kroger Analyst Robert Ohmes said Kroger is firing on all cylinders even as grocery prices remain high. And like Kroger, share gains are aplenty as new store openings continue coming online. Given its turnaround momentum and ongoing favorable off-price retail fundamentals, Burlington is well positioned for outperformance, in our view."

Persons: there's, JPMorgan Chase, Robert Ohmes, Kroger, Ohmes, Lorraine Hutchinson, Hutchinson, Ebrahim Poonawala, Jamie Dimon, Poonawala, BofA, TJX, BURL Organizations: Nvidia, Bank of America, CNBC, Computer, Kroger, JPMorgan, TJX Companies, Burlington, JPMorgan Chase, Artificial Intelligence Locations: Burlington

☆ Friday's analyst calls: Big drug stock upgrade, Alibaba downgrade, a new AI play
▼ + stars: | 2023-12-01 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The analyst lowered her price target to $99 from $106 per share. The new price target implies just a 5% gain from Thursday's close. The analyst's $115 price target, hiked from $70 previously, implies 43% upside from where the stock closed Thursday, at $80.36. ET: Morgan Stanley downgrades Alibaba Morgan Stanley cut Alibaba to equal-weight from overweight and lowered the firm's price target to $90 from $110. The analyst's $190 price target implies shares can rise just 2.6% from where they closed Thursday.

Persons: JPMorgan downgrades, Jessica Fye, Fye, Sarah Min, Wells Fargo, Andrew Nowinski, GenAI, Nowinski, FactSet, — Sarah Min, Morgan Stanley downgrades Alibaba Morgan Stanley, Alibaba, Morgan Stanley, PDD, John Melloy, Jason Bazinet, Bazinet, Johnson, Danielle Antalffy, Antalffy, Robert Ohmes, — John Melloy Organizations: CNBC, Spotify, JPMorgan, Investors, U.S, PDD Holdings, Citi, UBS, Johnson, Pharma, Bank of America, of America, Costco Locations: BioNTech, Thursday's, Wells Fargo, China, Darzalex, DARZALEX

☆ Bank of America upgrades Target, says shares look attractive after recent pullback
▼ + stars: | 2023-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The pullback in Target 's stock, and potential near-term catalysts, create an attractive entry point for investors, according to Bank of America. Target shares have bucked 2023's broader market uptrend, with shares down nearly 27%. Last month, Target said it will close nine stores in major cities due to increased violence and theft . Still, Ohmes adjusted his price target to $135 from $120 a share, reflecting about 24% upside from Wednesday's close. Among the potential catalysts for the upgrade, Ohmes cited expectations from improving traffic.

Persons: Robert Ohmes, Ohmes, Michael Bloom Organizations: Bank of America, Target, Apparel &

☆ Target shares get upgrade from Bank of America. Here's what the pros have to say
▼ + stars: | 2023-10-12 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Target from investors and analysts. The pros, including Jim Cramer , discussed the Minneapolis-based retail chain after Bank of America upgraded Target to buy from neutral . BofA analyst Robert Ohmes wrote that he sees improvement in traffic and an upside in gross margins at Target. The company is slated to report earnings next month. Target stock closed up 1.7% Thursday.

Persons: Jim Cramer, Robert Ohmes Organizations: Bank of America Locations: Minneapolis

☆ Analysts loved Costco's earnings report—Here's where they say the stock is headed next
▼ + stars: | 2023-09-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Lasser also labeled Costco stock as "the gold standard." Bank of America's Robert Ohmes reiterated a buy rating on Costco stock, with a $610 per share price target. Morgan Stanley's Simeon Gutman, meanwhile, restated an overweight rating on Wednesday, accompanied by a $585 per share price target or roughly 6% upside. Goldman Sachs analyst Kate McShane kept a buy rating on Costco stock following Tuesday's quarterly results, but boosted her price target to $603 from $589. He remains neutral on Costco stock with a $530 target price, which is 4% lower than where shares recently closed.

Persons: Costco, Michael Lasser, Lasser, Bank of America's Robert Ohmes, Ohmes, Morgan Stanley's Simeon Gutman, Morgan Stanley, Gutman, Goldman Sachs, Kate McShane, McShane, JPMorgan's Christopher Horvers, Horvers, Citi's Paul Lejuez, Lejuez, — CNBC's Michael Bloom Organizations: Costco, LSEG, 4Q, UBS, Bank of America's Locations: U.S

☆ Bank of America downgrades Dick's Sporting Goods after worst day on record
▼ + stars: | 2023-08-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Things aren't looking good for Dick's Sporting Goods , and Bank of America thinks investors need to steer clear of the athletics apparel. The stock plunged 24.1% on Tuesday — its biggest one-day drop on record — on weaker-than-expected second-quarter results. Dick's also cut its guidance for the year amid a rise in retail theft and sluggish sales in its outdoor segment. DKS 5D mountain Dick's Sporting Goods shares "Post 2Q results, we see increased risks to DKS sales & margin outlook," analyst Robert Ohmes said in a Wednesday note, adding that there are "risk[s] of further inventory action in 2H." To be sure, the analyst believes Dick's "near-term headwinds are partially offset by compelling valuation."

Persons: Dick's, Robert Ohmes, Ohmes, Armour, — CNBC's Michael Bloom Organizations: Dick's Sporting Goods, Bank of America, Sporting Goods, Nike, adidas, exclusives

☆ Nearly all Americans cut back on spending due to inflation, CNBC survey finds
▼ + stars: | 2023-06-14 | by ( Courtney Reagan | ) www.cnbc.com time to read: +3 min

Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey. Of the survey respondents, 92% of middle-income Americans — or those who make between $50,000 and $100,000 a year — reported being "somewhat" or "very" worried about higher prices. "Customers continue to seek value given the impact of inflation," Walmart CEO Doug McMillon said on the retailer's first-quarter earnings call. Spending at value-oriented grocery stores in May outpaced spending in the overall grocery segment, according to Bank of America aggregated credit and debit card spending data. The CNBC and Morning Consult survey was conducted online earlier this month and polled more than 4,400 adults.

Persons: Doug McMillon, Robert Ohmes Organizations: CNBC, Walmart, Target, Walmart U.S, Bank of America, Grocery Outlet, " Bank of America Securities Locations: New York City

☆ Walmart is cheaper than Dollar General for groceries
▼ + stars: | 2023-04-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Dollar General has hiked food prices more than Walmart and Kroger, Bank of America analysts found. The study documented prices on a range of grocery items in February at retailers in Dallas, including Walmart, Kroger, Target, Dollar General, and Aldi, among others. At Dollar General, prices rose 36%, the steepest increase of all the retailers, Bank of America analysts Robert Ohmes and Kendall Toscano wrote. A comparable selection at Target totaled $194.15, while the cost at Dollar General was $201.14. Do you work or shop at a Dollar General and have a story to share?

☆ Walmart is cheaper than Dollar General for groceries, as the dollar chain hikes prices faster than its rivals
▼ + stars: | 2023-03-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Dollar General has hiked food prices more than Walmart and Kroger, Bank of America analysts found. At Dollar General, prices rose 36%, the steepest increase of all the retailers, Bank of America analysts Robert Ohmes and Kendall Toscano wrote. At Family Dollar, another chain of dollar stores, it was $203.67." Consumers have also turned to Dollar Stores, given their reputation for inexpensive stuff, CNBC reported in February. Do you work or shop at a Dollar General and have a story to share?

☆ Bank of America reveals the winning market share gainers with more room to run
▼ + stars: | 2023-03-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Bank of America named a slew of companies this week that they believe are winning market share in this tough economic environment and so the stocks have more room to run. They include: Analog Devices , TJX Companies, Zeta Global , Costco and Union Pacific. TJX Companies The discount retailer has room to grow, especially as shoppers look to save money by trading down, according to analyst Lorraine Hutchinson. We value ADI at the higher end of peer comps due to ADI's growth potential and free cash flow generation." as we view TJX as a market share gainer that is well positioned to benefit from trade-down and the high level of inventory availability.

☆ Bank of America reveals the most undervalued stocks on Wall Street, including this motorcycle giant
▼ + stars: | 2023-02-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through top Bank of America research to find the most undervalued stocks on Wall Street. The firm says its base case is that the already "undervalued" stock can re-rate from current levels. In addition, Harley's management team is executing well with electric vehicle motorcycles on the horizon and burgeoning international growth opportunities. The says it sees "asymmetrical upside potential" meaning that when peers in the sector go up, KKR shares could go even higher. Remain Buy for undervalued growth and pipeline with two launches worth 5bn euros peak in 23E.

☆ Consumers are going to trade down in a big way this year — How to play it from Bank of America
▼ + stars: | 2023-01-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are three of Bank of America's trade-down picks, which Ohmes expects to outperform in 2023. Consumers looking to save money on a gym membership could quit their mid-tier gym and join Planet Fitness for $10 to $25 a month. During the 2008-2009 downturn, Planet Fitness' same-store sales averaged 21% as consumers shifted away from higher-priced options, Ohmes said. Planet Fitness also has rapidly expanding margins and return on invested capital, as well as growth in its equipment segment, Ohmes said. PLNT 1Y mountain Planet Fitness' 12-month performance Bank of America's price target of $100 per share implies 21% upside from Tuesday's close.

☆ Bank of America says these stocks have the most 'potential upside' this holiday season
▼ + stars: | 2022-12-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Bank of America named five stocks this week that they say every investor must own heading into 2023. CNBC Pro combed through Bank of America research looking for stocks with major upside potential. Netflix Shares of Netflix are down 46.8% this year, but analyst Jessica Reif Ehrlich is standing by the streaming giant. Kroger Kroger shares have gained nearly 2.6% this year, but the stock has a lot more room to run, according to analyst Robert Ohmes. ... We rate Solo Brands' shares Buy as we believe its unique platform strategy should enable its high growth Leisure brands."

☆ Black Friday was better than feared for retail stocks — Two potential big winners
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Black Friday was better than expected for retailers this year, with discount names Walmart and Costco poised to be among the season's winners, according to Bank of America. The big-box retailer made significant price investments to offer deeper discounts and traffic appeared very strong in stores, Ohmes noted. "Specialty retailers appeared to be relative winners while we observed decent trends across the discounters and department stores," said analyst Krisztina Katai. Morgan Stanley also called out strong traffic results for Lululemon and American Eagle, as well as Abercrombie & Fitch and Victoria's Secret. "These strong traffic results were achieved despite 1) similar or lower y/y discounting levels, & /or 2) discounting activity below total sector averages.

☆ Top Wall Street analysts say buy these stocks during a market downturn
▼ + stars: | 2022-11-27 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

This means investors need to shift their focus toward longer-term prospects instead of fixating on near-term gyrations in the market. See below for five stocks picked by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their previous performance. However, after the company posted its quarterly results, Susquehanna analyst Christopher Rolland noticed that Nvidia is "getting back on track." This prompted him to reiterate a buy rating on the stock and raise the price target to $185 from $180. (See Marvell Stock Chart on TipRanks) Looking beyond the quarter, Rolland sees several upsides to Marvell.

☆ Bank of America makes Costco a top pick because of food inflation
▼ + stars: | 2022-11-22 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Bank of America named Costco a top pick because of rising food inflation, and expects shares have further upside from here. "We expect high food inflation to drive continued share gains for the warehouse club channel (including Costco) given the strong value proposition and price positioning on overlapping SKUs vs. mass and traditional grocery," analyst Robert Ohmes wrote in a Tuesday note. Costco has outperformed this year as rising inflation drove shoppers to buy lower-priced goods from the retailer. The analyst said he expects further price increases will continue to give Costco an edge. The analyst expects that Costco could increase its membership fee next year, which the retailer historically does every five to six years, according to the note.

☆ Analysts see one retailer winning this holiday and taking share as Target struggles
▼ + stars: | 2022-11-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In contrast, Target reported an earnings miss Wednesday, with profit that fell by about 50% in its fiscal third quarter. "General merchandise softness continues to be linked to Covid-winner categories (CE, home, and apparel basics), although the category's performance also improved sequentially." Walmart's general merchandise sales fell at a low-single digit pace, its chief financial officer, John Rainey, said on the earnings conference call Tuesday. For Target, the softness in general merchandise is taking its toll. The retailer has made some progress clearing through its excess inventory, but the fiscal thir quarter brought higher-than-expected markdowns, Target said.

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